Developer Abandons Plan to Demolish Palo Alto Mobile Home Park - NBC Bay Area

Developer Abandons Plan to Demolish Palo Alto Mobile Home Park



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    The deal is off -- but will the park still be demolished and sold?

    Buena Vista Mobile Home Park could be saved.

    The Palo Alto trailer park, one of the few of its kind in Silicon Valley, was slated to be demolished to make way for luxury housing. But now that plan is in question, according to reports.

    The San Jose Mercury News reports that Prometheus Real Estate Group Inc., the developer that had agreed to buy the property from the Jisser family, had filed paperwork with the county to abandon the agreement.

    The plan, approved in 2012, would have seen the mobile homes replaced with 180 luxury apartments.

    About 400, "mostly low-income" people would have been displaced, the newspaper reported.

    However, county officials and city observers say that the demolition plan may go forward, as an examination of what residents would be offered in compensation is still happening.

    Organizers with the mobile home park residents say that the developer's "quitclaim deed" is a "door opening" towards the park's ultimate salvation.

    Last year, a group of residents had offered the developers $14.5 million for the property, an offer that was rejected.

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